It should be noted that the growth of the stock exchange activity was registered not in all segments of the organized securities market. The reduction was observed In the sector of corporate securities. So, a 47.76% decrease was registered on the equities primary market; the secondary market of stocks reduced by 99.73%. The largest growth occurred on the repo transactions market and Notes secondary market (see: the table below).
Comparative table on the results of auctions on all instruments on the BSE(January-July, 2008)
|
Market segments |
2008 (31.07.08) |
2007 (31.07.07) |
Percentage ratio |
|
T-bills (AR MF) - (placement) |
170,537,159.08 |
120,619,218.26 |
141.38% |
|
T-bills (AR MF) - (secondary market) |
25,274,071.74 |
12,962,232.46 |
194.98% |
|
Notes (AR NB) - (placement) |
1,081,778,083.54 |
891,634,412.86 |
121.33% |
|
Notes (AR NB) - (secondary market) |
324,629,539.24 |
129,441,649.10 |
250.79% |
|
Repo operations |
3,275,984,474.67 |
673,488,146.96 |
486.42% |
|
Total GS |
4,878,203,328.27 |
1,828,145,659.64 |
266.84% |
|
Corporate bonds- (placement) |
32,200,616.50 |
18,725,470.25 |
171.96% |
|
Corporate bonds - (secondary market) |
9,185,541.77 |
6,520,681.29 |
140.87% |
|
Stocks - (placement) |
75,472,713.40 |
144,486,173.20 |
52.24% |
|
Stocks - (secondary market) |
147,322.60 |
54,498,486.43 |
0.27% |
|
Total CS |
117,006,194.27 |
224,230,811.17 |
52.18% |
| Total |
4,995,209,522.54 |
2,052,376,470.81 |
243.39% |
Abridgement:
T-bills - treasury bills
AR MF - Azerbaijan Republic Ministry of Finance
AR NB - Azerbaijan Republic National Bank
GS - government securities
CS- corporate securities